Pool Corporation $POOL Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Pool Corporation (NASDAQ:POOL) by 1,201.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 90,211 shares of the specialty retailer’s stock after purchasing an additional 83,278 shares during the period. SG Americas Securities LLC’s holdings in Pool were worth $26,295,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in POOL. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Pool by 5.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,220 shares of the specialty retailer’s stock valued at $2,687,000 after acquiring an additional 517 shares during the period. Empower Advisory Group LLC lifted its stake in shares of Pool by 9.8% in the 2nd quarter. Empower Advisory Group LLC now owns 213,014 shares of the specialty retailer’s stock valued at $62,089,000 after purchasing an additional 19,025 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Pool by 35.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 616,041 shares of the specialty retailer’s stock worth $179,564,000 after purchasing an additional 160,878 shares during the period. Advisors Capital Management LLC grew its holdings in shares of Pool by 9.7% during the 2nd quarter. Advisors Capital Management LLC now owns 59,890 shares of the specialty retailer’s stock worth $17,457,000 after purchasing an additional 5,276 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in Pool during the 2nd quarter worth approximately $25,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on POOL shares. The Goldman Sachs Group set a $360.00 price target on shares of Pool and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wall Street Zen raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Guggenheim initiated coverage on Pool in a report on Wednesday, October 8th. They issued a “neutral” rating for the company. KeyCorp assumed coverage on Pool in a research report on Tuesday, September 30th. They issued a “sector weight” rating on the stock. Finally, William Blair reaffirmed a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $337.86.

Pool Price Performance

POOL opened at $242.32 on Friday. Pool Corporation has a twelve month low of $241.90 and a twelve month high of $395.60. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 3.94 and a beta of 1.12. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $294.25 and a 200 day simple moving average of $302.05.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 23rd. The specialty retailer reported $3.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.01. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Pool had a net margin of 7.77% and a return on equity of 31.40%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.26 EPS. Pool has set its FY 2025 guidance at 10.700-11.200 EPS. Equities research analysts expect that Pool Corporation will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, November 12th. Pool’s dividend payout ratio (DPR) is 45.58%.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.